Source: Reuters (via feed)
India’s cabinet approved spending of 336.60 billion rupees ($3.63 billion) to develop 100 industrial parks. Information minister Ashwini Vaishnaw announced the approval on Wednesday. The spending is aimed at boosting domestic manufacturing capabilities.
The industrial parks are part of a government plan to support the manufacturing sector. The exact timeline and further details of the development were not provided in the announcement.
BizTrendWire Insight:
India’s approval of $3.63 billion for industrial parks is a concrete government spending decision related to manufacturing.
India’s approval of $3.63 billion for industrial parks is a concrete government spending decision related to manufacturing.
